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The U.S. Senate Budget Committee on Wednesday debated the cause of the insurance crisis plaguing homeowners around the country.
The Reserve Bank (RBNZ) wants banks to pay closer attention to the insurability of the properties they lend against. This scrutiny could make it harder for...
The Compensation Scheme of Last Resort (CSLR) now offers relief to Australians who win financial misconduct cases but cannot recover damages due to defunct firms.
The board of the Compensation Scheme of Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022.
The estimated sum for the initial Compensation Scheme of Last Resort levy has been calculated, with the regime expected to start receiving claims in April.